Russia’s Oct. 9 turnabout on development of Shtokman gas and condensate field in the Barents Sea shows that the sword of pipeline politics has two edges.
After weeks of falling crude prices, the Organization of Petroleum Exporting Countries finally agreed to an emergency meeting Oct. 19 in Qatar to discuss a possible production cut of 1 million b/d.
Guma Aguiar, vice-chairman and chief executive officer of private Houston independent Leor Energy LP, took an interesting and unusual route to finally work in the oil and gas industry.
With oil and natural gas prices hovering at all-time highs, shareholders’ return on investment over the past decade have been an astounding 14% average annual return (AAR).
Falling gasoline prices must not dissuade Americans from developing alternative fuels or finding more domestic oil and gas, US President George W. Bush said on Oct. 12.
US refiners spent $8 billion, and pipelines and terminal operators spent hundreds of millions more to bring ultralow-sulfur diesel (ULSD) to market, an official of the American Petroleum Institute said at the group’s annual meeting in Washington, DC.
The US Department of Energy is evaluating bids for the first commercial cellulosic ethanol production facility in the US, with hopes that the plant will be in operation in 2012.
Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) plans next December to reduce diesel imports with the industrial scale production of H-Bio, a new form of biodiesel.
France’s oil industry has greeted the launch of the “Flex-fuel 2010” development program with cautious approval for the initial stages of the program, which Finance and Economy Minister Thierry Breton outlined in late September.
The Langeled pipeline consortium and the British and Norwegian prime ministers on Oct. 16 inaugurated the 600-km southern leg of 1,200-km Langeled pipeline, which has begun exporting gas from the Sleipner hub in the Norwegian North Sea to Easington on the UK’s east coast.
Twelve ultradeepwater discoveries in the Gulf of Mexico extend the Lower Tertiary Trend and represent a resource that could produce oil and gas for decades to come, the US Minerals Management Service said on Oct. 10.
Canmex Minerals Corp., Vancouver, BC, signed a nonbinding agreement to take a farmout from Range Resources Ltd., Perth, on two blocks in the nonproducing Nogal and Al Medo/Darin basins onshore between the Gulf of Aden and Indian Ocean in northern Somalia.
Finding the right hydraulic fracturing method is key for unlocking the unconventional gas resources contained in the Lower Pennsylvanian Bend group sands and shales of the Palo Duro basin in West Texas.
A new composite ionic liquid (IL) alkylation process has been proven in a pilot plant and retrofitted into an existing 65,000-tonne/year H2SO4 alkylation unit in China.
